Singapore Airlines Correlations
| SIA1 Stock | EUR 4.41 0.01 0.23% |
The current 90-days correlation between Singapore Airlines and Sun Life Financial is -0.05 (i.e., Good diversification). The correlation of Singapore Airlines is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Singapore Airlines Correlation With Market
Good diversification
The correlation between Singapore Airlines Limited and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Singapore Airlines Limited and DJI in the same portfolio, assuming nothing else is changed.
Singapore |
The ability to find closely correlated positions to Singapore Airlines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Singapore Airlines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Singapore Airlines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Singapore Airlines Limited to buy it.
Moving together with Singapore Stock
| 0.64 | ZNHH | China Southern Airlines | PairCorr |
| 0.72 | NTOA | Nintendo | PairCorr |
| 0.67 | FTK | flatexDEGIRO AG | PairCorr |
| 0.72 | C7T | CTT Correios | PairCorr |
| 0.72 | ESY | Easy Software AG | PairCorr |
| 0.7 | 3RKU | RYOHIN UNSPADR/1 | PairCorr |
| 0.66 | IFX | Infineon Technologies | PairCorr |
| 0.66 | SDP | Summit Hotel Properties | PairCorr |
| 0.8 | CAC1 | Casio Computer CoLtd | PairCorr |
| 0.69 | NH5 | NH HOTEL GROUP | PairCorr |
Moving against Singapore Stock
| 0.69 | CJ8A | CARGOJET INC VAR | PairCorr |
| 0.65 | 7EL | Elis SA | PairCorr |
| 0.61 | PP1 | Papa Johns International | PairCorr |
| 0.55 | 9MDA | MEITUAN UNSPADR/2B | PairCorr |
| 0.5 | MLB1 | MercadoLibre | PairCorr |
| 0.37 | 99Q | ENTREPARTICULIERS EO | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Singapore Stock performing well and Singapore Airlines Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Singapore Airlines' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CWW | 1.02 | 0.16 | 0.13 | (1.90) | 1.04 | 2.19 | 6.17 | |||
| 3TY | 2.29 | 0.25 | 0.10 | (0.46) | 2.03 | 5.47 | 18.48 | |||
| LIE | 0.78 | 0.16 | 0.14 | 2.39 | 0.58 | 1.78 | 7.60 | |||
| EBO | 0.89 | 0.31 | 0.35 | (2.06) | 0.43 | 2.28 | 7.16 | |||
| CE3 | 2.60 | 0.25 | 0.06 | (0.49) | 3.61 | 5.59 | 42.00 | |||
| 902 | 3.40 | (0.14) | 0.00 | 0.82 | 0.00 | 6.25 | 22.22 | |||
| UN9 | 0.78 | 0.12 | 0.10 | 9.57 | 1.07 | 1.84 | 4.33 | |||
| 0VF | 1.48 | 0.31 | 0.14 | 13.59 | 1.58 | 3.49 | 10.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Singapore Airlines without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Singapore Airlines Corporate Management
Elected by the shareholders, the Singapore Airlines' board of directors comprises two types of representatives: Singapore Airlines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Singapore. The board's role is to monitor Singapore Airlines' management team and ensure that shareholders' interests are well served. Singapore Airlines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Singapore Airlines' outside directors are responsible for providing unbiased perspectives on the board's policies.